Brent crude falls to $111.84 amid Iran-Qatar talks
Brent crude fell $1.59 to $111.84 a barrel on Monday after a third day of Iran-Qatar talks on ending the war, while OPEC+ left December output targets unchanged.
Brent crude fell $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT on Monday; US WTI was at $102.56, down 1.50%.
Iranian and Qatari officials held a third straight day of talks aimed at ending the US-Israeli war on Iran.
Analyst Tim Waterer linked the pullback to last week’s gains, diplomatic hopes, and no major weekend military escalation.
OPEC+ kept December production targets steady on Sunday amid export disruptions linked to the Iran war.
Attacks on tankers in the Strait of Hormuz continue to lift global energy and shipping costs.